Question
Finance 100 16. Use a financial calculator or computer software program to answer the following questions: A. What would be the future value of $15,555
Finance 100
16. Use a financial calculator or computer software program to answer the following questions:
A. What would be the future value of $15,555 invested now if it earns interests at 14.5 percent for seven years?
B. What would be the future value of $19,378 invested now if the money remains deposited for eight years and the annual interests rate is 18 percent?
17. Use a financial calculator or computer software program to answer the following questions:
A. What is the percent value of $359,000 that is to be received at the end of twenty-three years if the discount rate is 11 percent?
B. How would your answer change in (a) if the $359,000 is to be received at the end of twenty years?
19. Use a financial calculator or computer software program to answer the following questions:
A. What would be the future value of $19,378 invested now if the money remains deposited for eight years, the annual interests rate is 18 percent, and interest on the investment is compound semiannually?
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Fundamentals of Cost Accounting
Authors: William Lanen, Shannon Anderson, Michael Maher
3rd Edition
9780078025525, 9780077517359, 77517350, 978-0077398194
